Gallipoli Property Prices, Rents & Rental Yields

About Gallipoli

Gallipoli blends a historic old town on the Ionian Sea with a strong coastal identity, where beaches, harbor views, and compact urban apartments sit within a distinctly southern Apulian setting. Its location in Lecce province gives the city a seasonal rhythm that continues to shape residential use and investment interest.

August 2026 brings the clearest signal: apartment pricing has eased, while income measures have not followed the same pace. The average sale price stands at €170,000, with the average price per square metre at €1,890, both down 2.9% month over month and year over year. That moderation matters because it coincides with a 5.53% yield, which helps offset the pressure of softer capital values.

Rents look steadier in the short term, with the average monthly rent unchanged at €650 from the previous month. Over a longer view, however, rents are down 5.8% year over year, reinforcing the tension between a relatively stable rental level and declining sale metrics. For apartment investors, Gallipoli in August 2026 reads as a market where entry costs have retreated, but the case now depends more on balancing yield against falling prices than on expecting near-term appreciation.